29metals Limited · ASX:29M
29metals — Investor Presentation (September 2022)
28 slides from 29metals's investor presentation, September 2022
Slide 1: Investor Presentation
Investor Presentation September 2022
Slide 2: Important information
Important information The information in this presentation is provided for general information regarding 29Metals Limited (the ‘Company ‘) and its subsidiaries (together with the Company, ‘29Metals‘). Material information in this presentation has been derived from information publicly released by th
Slide 3: Important information
Important information NON-IFRS FINANCIAL INFORMATION METRICS USED IN THIS RELEASE This presentation contains certain information, such as C1 Costs, AISC, Site Operating Costs, Royalties and Other Selling Costs, EBITDA, Adjusted NPAT, Adjusted EPS, Drawn Debt, Net Cash, Net Drawn Debt and Cu-eq, that
Slide 4: 29Metals Snapshot
29Metals Snapshot 100% Australian production History of Mineral Resources Tier 1 jurisdictions replacement 1 47 82 High grade Mineral Resources 2 x 10+ year mine life and Ore Reserves 1 operating assets 29 30 Cu Copper Zn Zinc Positioned to Outstanding 82 47 leverage global Pb Lead Ag Silver people
Slide 5: Tier 1 Mining Jurisdictions
Tier 1 Mining Jurisdictions Operating assets in Australia ideally positioned to domestic and international markets Access to established infrastructure Accessible domestic and international markets Mature regulatory and permitting regime Highly skilled workforce and contractors Mt Isa Townsville Ger
Slide 6: People & Culture
People & Culture Highly experienced Board and management team with a track record of value creation, safety and sustainability 40 years experience 35 years experience 40 years experience 30 years experience 40 years experience 20 years experience 18 years experience 20 years experience Owen Hegarty
Slide 7: Sustainability & ESG
Sustainability & ESG At 29Metals, we believe that Sustainability and ESG must be part of everything we do, not something we do Safe and Responsible Partnering 29Metals’ first Sustainability & ESG report inclusive environmental with published with 2021 Annual Report workplace stewardship stakeholde
Slide 8: 2021 Highlights
2021 Highlights Operating and financial performance create the foundation for growth Cu-eq Production Profitability Organic growth 68kt Cu-eq 1, 2 Pro forma $254m EBITDA 1, 3 Extensive pipeline Exceeded Pro forma Forecast Exceeded Pro forma Forecast of Xantho Extended $221m 4 Cervantes & Gossan Vall
Slide 9: HY22 Highlights
HY22 Highlights Production & Costs Projects Growth 34kt Cu-eq 2 Production de-risking Successful campaigns C1 Costs US$2.38/lb 2 ▪ Ventilation upgrades at both operating sites ▪ Gossan Valley & Cervantes studies on track ▪ 14% increase on pro forma 1 Cu-eq production ▪ Paste plant construction at Go
Slide 10: HY22 Net Cash Position
HY22 Net Cash 1 Position Strong cash generation from improved performance and higher commodity prices ▪ US$150m term loan increased to $213m (31-Dec-21: $201m) due to AUD depreciation ― Repayments to commence second half 2022 ▪ Provision for stamp duty of $26m maintained at 30-Jun-22 ▪ Strong cash p
Slide 11: Right Metal Exposure
Right Metal Exposure Positioned to leverage global energy transition 29 30 Committed mine production and primary Mineral demand for wind by scenario 6 Cu Copper demand for copper, 2020 – 2030 2 Zn Zinc Overall demand in the base case Operating Primary demand in the SDS 3 Under construction Primary d
Slide 12: High Metal Grades at Operating Assets
High Metal Grades at Operating Assets High Mineral Resources and Ore Reserves 1 (‘R&R’) grades relative to declining head grades globally Declining Global Cu Head Grades 2 Capricorn Copper Produced Cu Grade vs R&R Grade 1.7Mt ore milled 2021 production 4.0% @ 1.7% Cu Ore Reserves 2.0% Mineral Resour
Slide 13: Golden Grove
Golden Grove World-class VHMS system
Slide 14: Golden Grove
Golden Grove World-class VHMS geological system Commodities Produced 29 30 79 47 82 Cu Copper Zn Zinc Au Gold Ag Silver Pb Lead Concentrates exported to Australian, Asian In-mine and Near-mine Growth and global smelters ✓ World-class VHMS with multiple ore sources and diversified production ✓ Advanc
Slide 15: Discovery Timeline
Discovery Timeline History of discovery and Mineral Resources replacement and growth Golden Grove Mineral Resources Mineral Resources estimates at Dec-31 202: 58.4Mt @ Discoveries 1.6% Cu, 4.4% Zn, 0.7g/t Au, 30g/t Ag 2 Production Growth Opportunities Scuddles starts production. Scuddles 2019 Minera
Slide 16: Golden Grove Long-section
Golden Grove Long-section 1 Mineral Resources Estimates Outline at 31-Dec-2021 2 Organic Growth Target Areas Exploration Target Area Mined Voids and Development at 31-Dec-2021 Lateral Distance (Not to Scale) Surface Development Depth at 30-Jun-2022 1. Mineral Resource estimate outline included in 29
Slide 17: Cervantes Drilling Campaign
Cervantes Drilling Campaign Successful Exploration Program is ongoing at Cervantes ✓ 2021 drilling 1 saw 100% increase in Mineral Resources estimated tonnes 2 2022 drilling program targeting in- ✓ mine growth at Cervantes is ongoing ✓ Cervantes PFS on track for completion in Sep-Qtr 1. Drilling resu
Slide 18: Capricorn Copper
Capricorn Copper Long-life operation with 1,858km2 of tenements in a highly prospective region
Slide 19: Capricorn Copper
Capricorn Copper High-grade copper operation in a Tier 1 jurisdiction Commodities In Mineral Resources Regional Exploration 29 47 27 Cu Copper Ag Silver Co Cobalt 1 In-mine and Near-mine Growth ✓ Multiple mining fronts Five known orebodies: ✓ ESS, Mammoth and Greenstone in production. Esperanza and
Slide 20: ESS Drilling - Open at Depth with Improving Tenor
ESS Drilling - Open at Depth with Improving Tenor Successful drilling campaign ongoing at ESS sub-level cave ESS Long section ESS Cross Section ✓ Outstanding drill results (to date) warranting further commitment to expand the surface program Drilling results show improved Level of current ✓ grade an
Slide 21: Redhill
Redhill Strategic tenement package and project
Slide 22: 2022 Field Campaign
2022 Field Campaign 1 Extension and new vein potential ✓ 2 Completion of 29Metals’ first field campaign Returned rock samples highlighted 1.0g/t Au possible extension to existing ✓ 1.2% Cu, 0.1g/t Au, 21g/t Ag veins as well as additional veins 0.3% Cu, 0.7g/t Au, 13g/t Ag outside of the existing Min
Slide 23: Summary
Summary Substantial copper producer, with all assets in Tier 1 jurisdictions Delivering on Highly experienced 2 high grade Producing metals Continuing exploration Positioned to grow, commitments team underpinned by operations in Tier 1 required for the global success develop and leverage TEAMS juris
Slide 24: Appendix
Appendix
Slide 25: HY22 Financial Performance Summary
HY22 Financial Performance Summary Stronger production, higher prices and strong cashflow generation ▪ Revenue 1 of $356m a 23% increase on 2021 pro forma 2 revenues ― Higher production, favourable prices, weaker Australian dollar ▪ EBITDA 3 of $94m a 23% increase on 2021 pro forma 2 EBITDA ▪ Operat
Slide 26: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION Adjusted EPS is adjusted earnings per share, and is calculated using Adjusted NPAT divided by the weighted average number of ordinary shares outstanding for the period. is NPAT for the year attributable to members adjusted for n
Slide 27: Reconciliation of Non-IFRS Financial Information Metrics
Reconciliation of Non-IFRS Financial Information Metrics RECONCILIATION OF ADJUSTED NPAT TO NPAT STATUTORY PRO FORMA 1 For the 6 months ended 30 June UNITS 2022 2021 VAR 2021 VAR NPAT $'000 390 0 390 (13,212) 13,602 Add: Increase in net assets attributable to the partners in GGLP $'000 0 14,955 (14,
Slide 28: Unlocking value to empower the future
Unlocking value to empower the future 28